Oil & Gas News – Early January 2022

Business leaders have written a joint open letter to party leaders calling for a “reasoned debate” over the future of oil and gas in the UK.

The call comes after plans for the controversial Cambo Oil field off Shetland were put on hold.

The letter says any statements calling for an end to new exploration have shaken investor confidence, placing tens of thousands of jobs at risk.  It warns politicians against creating a “hostile investment environment”.

The letter, from Aberdeen & Grampian Chamber of Commerce, supported by The British Chambers of Commerce and Scottish Chambers of Commerce, has also been signed by 58 leading figures from business and civic life in Aberdeen.  It says the economic wellbeing of whole communities across the UK is also being put at risk.


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